Bullish Scenario
The USDCAD price tested 1.3606$ level again and bounced bearishly from there.
Found solid resistance hindering the mission to rise.
The price returns to lean on the EMA50 that provide new positive signals.
Waiting to confirm breaching the mentioned level to rally towards our next positive target at 1.3700$.
Positive Momentum
We continue to suggest the bullish trend for the upcoming period.
Supported by stochastic that gets rid of its negative momentum clearly.
Important to hold above 1.3555$ as a first condition to the continuation of the expected rise.
Trading Range
The expected trading range for today is between 1.3530$ support and 1.3660$ resistance.
Trend forecast: Bullish
Origin: Economies
